Barclays analyst Nicholas Campanella lowered the firm’s price target on American Water (AWK) to $122 from $134 and keeps an Underweight rating on the shares as part of its 2026 outlook for the utilities sector. The firm maintains a Positive industry view on the group, viewing 2026 as a year of “execution and defense” after the sector ramped spending commitments and guided to subsequent positive earnings revisions.
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